Tech giant Meta is investing more than $14 billion to acquire a 49% stake in artificial intelligence firm Scale AI, the San Francisco-based company's CEO confirmed on X.

Meta's Mark Zuckerberg is bringing in Scale AI CEO Alexandr Wang to help the social media company better execute on its AI ambitions.

Mark Zuckerberg expected to announce Meta will buy 49% stake in Scale AI as race to dominate AI market speeds up